South Africa Pushes for Bilateral Trade Deal with US Amid Tensions
As a sour taste of the United States and South Africa, South Africa is preparing to propose a bilateral trade agreement in case it prioritizes access to the U.S. market. The move is growing concern that the Trump administration may change trade relations, which could impact South Africa’s position under the African Growth and Opportunity Act (AGOA). Officials said anonymously that a team is preparing for a direct trade agreement with the United States to ensure that despite potential changes in diplomatic ties, it continues to enter the world’s largest economy.
source: Bloomberg
